Welcome to our dedicated page for Graphic Packaging Holding Company news (Ticker: GPK), a resource for investors and traders seeking the latest updates and insights on Graphic Packaging Holding Company stock.
About Graphic Packaging Holding Company (NYSE: GPK)
Graphic Packaging Holding Company, headquartered in Atlanta, Georgia, is a global leader in the consumer packaging industry. The company specializes in creating sustainable, fiber-based packaging solutions for a wide range of products including food, beverages, foodservice, and other consumer goods. Through its subsidiaries, the company operates in three main segments: Paperboard Manufacturing, Americas Paperboard Packaging, and Europe Paperboard Packaging.
Graphic Packaging is known for its extensive portfolio which includes folding cartons, unbleached paperboard, coated recycled board, and microwave packaging. The majority of its revenue comes from the Americas Paperboard Packaging segment, which caters predominantly to consumer packaged goods (CPG) and quick-service restaurants (QSR).
Committed to innovation and sustainability, Graphic Packaging continually advances its technology and product offerings to meet the evolving demands of consumers and businesses alike. Notably, the company has set ambitious goals under its Vision 2030 plan, aimed at expanding its market reach and reducing its environmental footprint.
Recent achievements include the launch of the state-of-the-art K2 recycled paperboard machine, which has significantly enhanced production efficiency and quality. The company has also reported strong financial performance, with net sales of $2.349 billion in Q3 2023 and a solid adjusted EBITDA growth.
In line with its growth strategy, Graphic Packaging has made strategic acquisitions such as Bell Incorporated, improving its integration rates and expanding its product categories. The company also announced the sale of its Augusta, Georgia bleached paperboard manufacturing facility to Clearwater Paper, a move expected to enhance its operational focus.
For more detailed financial metrics and latest news, Graphic Packaging consistently updates investors and stakeholders through earnings calls and periodic filings with the SEC. The company's commitment to innovation and sustainability continues to make it a preferred choice for some of the world's most renowned brands.
Additional information about Graphic Packaging, its business operations, and product portfolio can be found on their official website.
Graphic Packaging Holding Company (NYSE: GPK) has announced a quarterly dividend declaration of $0.10 per share of common stock. The dividend will be paid on January 5, 2025, to stockholders of record as of December 15, 2024. The company, based in Atlanta, Georgia, specializes in sustainable consumer packaging manufacturing, primarily using renewable or recycled materials, serving major brands in food, beverage, foodservice, household, and other consumer products sectors.
Graphic Packaging Holding Company (NYSE: GPK) announced that President and CEO Michael P. Doss will present at the Baird Global Industrial Conference on November 12th at 8:55am ET. The presentation will be conducted as a fireside chat and will be available via live webcast and replay through the company's investor relations website.
Graphic Packaging, based in Atlanta, Georgia, specializes in designing and producing consumer packaging primarily from renewable or recycled materials. The company maintains a global network of facilities serving major brands in food, beverage, foodservice, household, and consumer products sectors, with a commitment to reducing environmental impact through innovative packaging solutions.
Graphic Packaging Holding Company (NYSE: GPK) reported Q3 2024 financial results with Net Sales of $2,216 million, down 6% from $2,349 million in 2023. Net Income was $165 million ($0.55 per share) compared to $170 million ($0.55 per share) in Q3 2023. Adjusted EBITDA decreased to $433 million from $482 million, with margin declining to 19.5% from 20.5%. The company saw return to positive packaging volume growth and achieved Innovation Sales Growth of $54 million. The company updated its 2024 guidance with Adjusted EBITDA projected at $1.68-1.73 billion and Adjusted EPS at $2.49-2.61.
Graphic Packaging Holding Company (NYSE: GPK), a global leader in sustainable consumer packaging, has announced its upcoming third quarter 2024 earnings conference call. The company will release its financial results on Tuesday, October 29th, before the market opens, followed by a conference call at 10:00 a.m. ET. Investors can access the webcast through the company's website or join via telephone using provided dial-in numbers.
The company has also tentatively scheduled the release of its fourth quarter and full year 2024 financial results for Tuesday, February 4, 2025. Graphic Packaging designs and produces consumer packaging primarily from renewable or recycled materials, operating a global network of facilities serving renowned brands in various consumer product sectors.
Graphic Packaging Holding Company (NYSE: GPK), a global leader in sustainable consumer packaging, has updated its full-year 2024 outlook due to recent operational challenges. Severe weather conditions in July affected production at two paperboard manufacturing facilities, while an electrical substation damage in August disrupted operations at a third facility. These events are expected to reduce Adjusted EBITDA by $20 million to $25 million in the third quarter.
As a result, the company now anticipates full-year 2024 results to fall below the midpoint of its previously announced guidance ranges: $1,730 million to $1,830 million for Adjusted EBITDA and $2.65 to $2.85 for Adjusted EPS. Despite these setbacks, Graphic Packaging reports that all affected facilities have resumed normal operations, and customer service levels were not impacted.
Graphic Packaging Holding Company (NYSE: GPK), a leading consumer packaging company, has announced its participation in the Stifel London Industrials Summit on September 4, 2024. Mark W. Connelly, Senior Vice President of Investor Strategy and Development, will represent the company in a fireside chat at 7:00am ET.
The presentation will be accessible via live webcast and replay from the Investors section of Graphic Packaging's website. GPK, headquartered in Atlanta, Georgia, specializes in designing and producing consumer packaging primarily from renewable or recycled materials. The company is committed to reducing the environmental impact of consumer packaging and operates a global network serving major brands in various consumer product sectors.
Graphic Packaging International has released its 2023 Environmental, Social and Governance (ESG) report, announcing an ambitious goal to achieve Net Zero Greenhouse Gas emissions by 2050. The company's 'Better, Every Day' sustainability strategy outlines plans to drive circularity in paperboard consumer packaging, support an inclusive culture, and protect environmental resources.
Key highlights from the report include:
- Replacement of ~450 million plastic packages with paperboard in Europe
- Replacement of ~665 million foam cups with paper cups in North America
- 28% women in global workforce
- 34% ethnic diversity in U.S. workforce
- 68% renewable fuel used
- 89% forest products sustainably sourced
- 98% paperboard waste recycled
The company has set and validated 1.5C aligned near-term science-based targets through the Science Based Targets Initiative in 2023, marking a significant step towards its 2050 Net Zero goal.
Graphic Packaging Holding Company (NYSE: GPK), a leading consumer packaging company, has announced a quarterly dividend of $0.10 per share of common stock. The dividend will be payable on October 5, 2024, to stockholders of record as of the close of business on September 15, 2024. Graphic Packaging, headquartered in Atlanta, Georgia, specializes in designing and producing consumer packaging primarily from renewable or recycled materials. The company is committed to reducing the environmental footprint of consumer packaging and operates a global network of design and manufacturing facilities serving renowned brands in various consumer product sectors.
Graphic Packaging Holding Company (NYSE: GPK) reported its Q2 2024 financial results. Net Sales decreased 6% to $2,237 million, while Net Income increased to $190 million ($0.62 per share). Adjusted EBITDA was $402 million with an 18.0% margin. The company completed the divestiture of its Augusta, Georgia bleached paperboard facility and repurchased approximately 2.4% of outstanding common shares.
Key highlights include:
- Innovation Sales Growth of $51 million
- Net Leverage reduced to 2.9x
- Reiterated 2024 guidance: Adjusted EBITDA of $1.73-1.83 billion and Adjusted EPS of $2.65-2.85
The company remains focused on delivering sustainable packaging solutions and returning cash to stockholders through dividends and share repurchases.
Graphic Packaging Holding Company (NYSE: GPK) has appointed Andy Callahan to its Board of Directors. Callahan, a seasoned consumer packaged goods industry executive, brings 29 years of experience to GPK as the company pursues its Vision 2030 goals. His background includes leadership roles at Harry's Inc., Hostess Brands, Tyson Foods, Hillshire Brands, Sara Lee , and Kraft Foods. Callahan's expertise in driving growth for major consumer brands is expected to be valuable as GPK advances its growth trajectory and leverages its position as a global consumer packaging leader.
The appointment aligns with GPK's focus on sustainable packaging solutions and innovation for leading brands and retailers. Both the Chairman of the Board, Philip Martens, and President and CEO, Michael P. Doss, expressed enthusiasm about Callahan's addition to the board, highlighting his potential contributions to the company's strategic direction and growth initiatives.
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